Day: October 5, 2021

Crypto News: Coinbase Hacked & 6,000 Lose Funds + BIG Bitcoin Short Squeeze Happening, $50k Target?

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What is cryptocurrency | How to use digital currency

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video Mian Jamil Ahmad elaborate about cryptocurrency and what is the use of digital currency For more good videos please subscribe my youtube channel #cryptocurrency #digital #currency ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Axie Infinity developer secures $152M in Series B funding from investors

Sky Mavis, the studio behind the popular Axie Infinity non-fungible token (NFT) game has announced a fresh round of funding for the company. In a statement issued on Tuesday, Sky Mavis announced that it had closed a $152 million Series B funding round. According to the announcement, notable crypto and blockchain investors like global exchange giant FTX, venture capital fund Andreessen Horowitz (a16z) participated in the investment round. The Axie Infinity maker said it will be using the funds to “create economic and financial freedom for gamers.” Sky Mavis also…

Nigerian Court Paves Way for CBDC Rollout, Suggests ‘Plaintiff May Be Adequately Compensated’ – Fintech Bitcoin News

The Nigerian High Court that is presiding over the e-naira trademark infringement case brought against the Central Bank of Nigeria (CBN), has ruled that Central Bank Digital Currency (CBDC) “may proceed on national interest” considerations. The ruling clears a crucial legal hurdle for CBN’s yet to be rolled out digital currency. CBN’s Alleged Trademark Infringement As previously reported by Bitcoin.com News, Nigerian firm Enaira Payments Solution had filed a trademark infringement lawsuit against the central bank for its use of the term “e-naira.” The firm’s lawyers have argued that the…

Bitcoin Breaks $50K for First Time In a Month

Bitcoin, the largest cryptocurrency, broke above the crucial psychological threshold of $50,000 on Tuesday for the first time since Sept. 7. “It’s too early to say whether this will turn into a new support level in the short term, but it is clear that the overriding market view is bullish,” said Jason Deane, analyst at Quantum Economics. At press time, bitcoin was trading at $50,303, up 5.5% over the last 24 hours. Read More: 4 Factors Helping Bitcoin to $50K as Stock Market Declines Source

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Bitcoin taps $50K for first time in one month amid heavy BTC price volatility

Bitcoin (BTC) hit $50,000 for the first time in a month on Oct. 5 as a triumphant return to form continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC’s price hits one-month high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD adding another 5% Tuesday to briefly return to the psychologically significant price point. The latest success of Bitcoin’s “Uptober,” bears were swept aside as resistance levels tumbled. The largest cryptocurrency had benefited from macro uncertainty, compounded by a mass social media outage impacting Facebook, Instagram and others. For Cointelegraph…

4 Factors Helping Bitcoin to $50K as Stock Market Declines — CoinDesk

“Inflation is here to stay, and every household is starting to see prices skyrocket for goods and services nationwide,” Carlos Betancourt, co-founder of BKCoin Capital, said. “Many savvy investors look for asymmetric opportunities and a hedge against inflation, and there is always one common asset that comes to mind … remember, bitcoin is the only asset that governments or central banks cannot manipulate.” Source

Canadian Bitcoin mining firm Link Global faces $5.6M penalty

Link Global Technologies, a Bitcoin (BTC) mining company listed on the Canadian Securities Exchange, is facing major potential penalties for operating unauthorized power plants in the province of Alberta. The Alberta Utilities Commission (AUC), the province’s power utility regulator, issued Sept. 24 another enforcement submission against Link Global, with enforcement staff recommending several penalties for violations of Alberta’s legislative requirements. According to a document shared with Cointelegraph, the AUC’s enforcement staff recommended that Link Global should pay an economic disgorgement of about 2 million Canadian dollars (CAD) ($1.6 million) for…